American Outdoor Brands (NASDAQ:AOUT) Downgraded to “Hold” Rating by Wall Street Zen

American Outdoor Brands (NASDAQ:AOUT) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Lake Street Capital reiterated a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of American Outdoor Brands in a report on Friday, June 27th.

American Outdoor Brands Stock Performance

Shares of NASDAQ:AOUT opened at $10.85 on Friday. The company has a market capitalization of $138.38 million, a PE ratio of -1,083.42 and a beta of 0.39. American Outdoor Brands has a 52 week low of $8.11 and a 52 week high of $17.91. The company’s fifty day moving average is $11.53 and its 200-day moving average is $13.40.

American Outdoor Brands (NASDAQ:AOUT) last announced its earnings results on Thursday, June 26th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.15. American Outdoor Brands had a negative net margin of 0.03% and a positive return on equity of 4.13%. The company had revenue of $61.94 million for the quarter, compared to analyst estimates of $48.46 million. On average, analysts forecast that American Outdoor Brands will post 0.36 EPS for the current year.

Hedge Funds Weigh In On American Outdoor Brands

A number of large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in American Outdoor Brands during the fourth quarter worth about $77,000. Cubist Systematic Strategies LLC acquired a new stake in American Outdoor Brands during the 4th quarter worth about $158,000. Bank of America Corp DE grew its position in shares of American Outdoor Brands by 1,469.5% during the 4th quarter. Bank of America Corp DE now owns 10,390 shares of the company’s stock worth $158,000 after buying an additional 9,728 shares during the period. Virtu Financial LLC acquired a new stake in American Outdoor Brands in the fourth quarter worth $162,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of American Outdoor Brands in the 1st quarter valued at about $163,000. Institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.